Wembley Company has set various goals, and management is now taking appropriate action to ensure that the firm achieves these goals. One such action is to reduce outlays for overhead, which have exceeded budgeted amounts. Which of the following functions best describes this process? Coordinating. Decision making. Planning. Organizing. Controlling. Which of the following statements is true? The value chain is a managerial accounting tool that primarily assists in the valuation of assets. The balanced scorecard is an important managerial accounting tool for short-run competitiveness. Non-value-added costs are the costs of activities that can be eliminated with no deterioration of product quality, performance, or perceived value Measuring the performance of managers and subunits is not an objective of managerial accounting